MiFID Transaction Reporting
UnaVista Transaction Reporting is an Approved Reporting Mechanism (ARM) that can help you meet all your regulatory transaction reporting obligations, both for yourself and your clients. Your data will be validated against the latest data sources to help you spot errors before your reports reach the FCA, as well as assisting in the analysis of over- and under-reporting. UnaVista can be rolled out quickly, without the burden of unnecessary back-office, infrastructure and software costs.
The service provides a number of benefits to your business to help with your transaction reporting:
Get the benefit of our transaction reporting experience
London Stock Exchange has been transaction reporting since its inception in 1989. In 2010, working with major institutions, we created UnaVista Transaction Reporting. The service is more flexible, developed a wider choice of interfaces, and improved its validation. Now, it doesn’t just meet the FCA’s requirements – it exceeds them, reducing the risk of incorrect, late or duplicate reporting.
Have one system for all of your transaction reports
UnaVista allows you to report on every reportable asset class, including derivatives with the new Aii code. You can also report to other European regulators, such as the Dutch and French regulators (AFM and AMF).
Be confident you have been compliant
The FCA "encourage firms to regularly review the integrity of their transaction reporting to ensure they have been successfully submitted". UnaVista assists with this process by enabling firms to reconcile between their own back-office data, the data held by UnaVista and the data held by the FSA.
Have a system with smart validation
UnaVista Transaction Reporting does all the mandatory validation you would expect. But it also validates the data by checking it against the reference data sources you choose, such as ESMA’s list of regulated markets, MiFID eligible securities and the London Stock Exchange’s SEDOL Masterfile. UnaVista enables users to correct exceptions manually, export selected reports, clear non-relevant exceptions, as well as a number of other exception management tools.
Save the cost of middleware
You can submit transaction reports in any structured format, which UnaVista then standardises for FSA reporting. This reduces the need for expensive middleware.
Know what’s happening in your business all the time
You can receive alerts based on your custom tolerances and thresholds for things like transaction volumes or transaction size. This ensures you are never surprised late on by a problem of which you were unaware.
Improve your workflow
You can set different levels of access for individuals or groups, so people only see the information you want them to see. You can also set as many mandatory audit steps as you like. As a result, you’ll know that the right checks are in place. You’ll also have a full audit trail if you need to check back over things later on.
Get the management information you need
You can use UnaVista to monitor trends within your transaction reporting, helping you identify where errors are recurring. You can use UnaVista to take a snapshot of all your transactions at any time, choose from a variety of report templates, or create your own custom report. You can even include a variety of charts from the dashboard.